Market Types

Mammoth offers two main types of prediction markets, each catering to different areas of interest and expertise. Understanding these market types is crucial for effective participation on the platform.

1. Cryptocurrency Markets

Overview

Cryptocurrency markets allow users to predict future market cap or price movements of various cryptocurrencies on the Solana blockchain..

Key Features

• User-Created: Any Mammoth user can create a cryptocurrency market for Solana-based tokens..

• Prediction Focus: Typically focuses on price or market cap at a specific future date.

• Data-Driven Resolution: Markets are resolved using verifiable data from reliable Solana token price feeds.

Examples

• "Will SOL's market cap exceed $50 billion by December 31, 2024?"

• "Will the price of RAY (Raydium) be above $10 by the end of Q2 2025?"

How to Participate

1. Browse existing markets or create your own for Solana-based tokens.

2. Analyse trends and news related to the Solana ecosystem and specific tokens.

3. Buy YES or NO tokens based on your prediction.

2. World Event Markets

Overview

World event markets allow users to predict outcomes of significant global events across various domains such as politics, sports, entertainment, and more.

Key Features

• Admin-Created: Only Mammoth administrators can create world event markets to ensure quality and relevance.

• Diverse Topics: Can cover a wide range of global events and outcomes.

• Manual Resolution: Outcomes are determined by platform admins based on verified information from reliable sources.

Examples

• "Will Country X win more than 30 medals in the next Olympic Games?"

• "Will Movie Y gross over $1 billion worldwide in its opening month?"

How to Participate

1. Browse available world event markets.

2. Research the event and consider various factors that might influence the outcome.

3. Buy YES or NO tokens based on your prediction.

Comparison of Market Types

Feature	Solana Markets	World Event Markets
Creation	User-created	Admin-created
Focus	Token price/market cap	Diverse global events
Resolution	Automatic (data-driven)	Manual (admin-verified)
Expertise Required	Crypto knowledge	Varies by event topic

Importance of Market Types

Understanding the differences between these market types is crucial for:

1. Choosing Markets: Select markets that align with your knowledge and interests.

2. Risk Assessment: Different market types may carry different levels of risk and potential reward.

3. Research Approach: Tailor your research strategy based on the market type.

4. Community Engagement: Engage with other users who share similar interests in specific market types.

Remember, regardless of the market type, always conduct thorough research and never invest more than you can afford to lose. Happy predicting on Mammoth!